The price is currently still within a very wide USD range. All price movement since 28th January 2009 has been within the USD range. Since the end of last week the price had been EUR directional with large & almost neutralizing correction waves. The EUR/USD price on the EUR/USD M15 chart is currently in one of those violent correction waves; what could be looking as the end of it (PB: pullback), standby for a benign reversal (good news for the late comers). A malignant move way below 1.2662 will neutralize the EUR long, at least in the short term. Violent as it is, the consensus is still towards the EUR direction to break the USD range, at least for now.
Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.
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